§ Order for Second Reading read.
§ SIR HENRY WILLOUGHBYsaid, there was an impression abroad that as the dividends on India stocks were paid at the Bank of England, they were guaranteed by the British Government. Of course that was a mistake, but he hoped care would be taken to exclude from any Bill on the subject anything that would justify the idea.
§ SIR CHARLES WOODsaid, that no guarantee had been or was intended to be given by the British Government. The Bill merely authorised the transfer of India Stock in the same way as other stock.
§ Bill read 2o.